Lower taxes mean people will have more freedom to spend, save or invest the money they have earned.
For every £1 saved in public spending, at least half will go towards reducing the deficit.
The remainder will go towards affordable tax cuts and other pro-growth measures, including:
- Abolishing Stamp Duty Land Tax on primary residences
- Scrapping business rates for thousands of high street businesses
- Repealing the Family Farm Tax and safeguarding our food security
- Repealing the Family Business Tax to support the makers and risk-takers who drive economic growth
- Repealing the Energy Profits Levy backing our energy industry to create jobs and growth